Anytime now would be good to short USD/JPY D of triangle seemingly complete so just the e left before the upside lift off. Same chart I posted last couple weeks but going to bed will update it likely later

Anytime now would be good to short USD/JPY D of triangle seemingly complete so just the e left before the upside lift off. Same chart I posted last couple weeks but going to bed will update it likely later

it looks a bit supported @ 99.85, if I follow short term strategy, my SL would not be over 30 pips if I enter now and it seems OK. I have a feeling that my initial risk might be lower.

UJ chart shows a clear breakout of the TL, gave opportunity to go long on a test of that TL and failed to close the gap, but this pair is trapped on a up channel, currently we are in important level.. and RSI shows it can go up, thats why i prefer to be on NZD JPY short

UPDATE......
hope you guys didnt miss this one as per warned once again..courtesy of Obama as the pair reached the TL during his speech and my frd's words are again on my head "smart money is in m8"

PS: i got out of my nzd jpy around 80.55 and will w8 for RBNZ statement to trade it again, atm 4H candles are struggling and can A) be a bullish pause for the next leg up in case RBNZ is hawkish or B) pair will break down and correct now in case of RBNZ dovish

The single currency rose to a 1-1/2 week high against the dollar on Wednesday as concerns over Syria eased after the White House confirmed that President Obama is in talks with France and Britain about getting a United Nations resolution to hold Syria to its apparent commitment to place its chemical weapons under international control.

During the day, despite euro's initial drop from Asian high of 1.3282 to 1.3244 in European morning, improved risk appetite due to easing concerns over Syria lifted price higher in New York morning and euro later rose to a fresh 1/2-week peak at 1.3325 before easing.

Versus the Japanese yen, although dollar extended gain to a fresh 7-week high of 100.62 in Asia following the rally in previous session, profit-taking pressured price from there and dollar later ratcheted lower in European trading to 100.08 and fell further to 99.79 in New York on broad-based weakness in greenback before stabilising.

The British pound traded narrowly below Tuesday's high of 1.5745 in Asia but found support at 1.5719. Cable later rallied to a 7-month peak at 1.5827 after unexpectedly strong U.K. jobless claim data in European morning but only to retreat to 1.5755 on renewed cross-selling in sterling. Later, dollar's broad-based weakness lifted pound again in New York trading and cable penetrate 1.5827 to session high at 1.5829.

U.K. Office for National Statistics reported on Wednesday that unemployment rate in the U.K. declined to 7.7 percent in the period from May to July, from 7.8 percent in the February to April period. Meanwhile, the claimant count change declined by 32,600 in August, compared to a decline of 36,300 in the previous month, but better than market's expectations of a drop of 21,000.

In the other news, BOJ board member Ishida said earlier on Wednesday that 'Japan's economy expected to continue moderate recovery; government efforts to restore confidence in Japan's economic growth; exports must start serving more as driver of Japan's econ growth; expect to see clear CPI rises for the being; price rises may broaden if personal consumption remains strong; rise in regular pay, rather than bonuses, more effective in boosting consumer spending; Fed's tapering may weigh on other countries' growth by raising long-term interest rates; econ recovery won't be sustained unless household income rises in tandem with price gains.'

Lukman's volatility finder

The chart below is one which shows the volatility of the pairs stated.

Volatility is a very important attribute of the Fx market, with volatility there is movement. When the currency pairs move, pips can be made!

The periods shown are within the last 24 hours. So at this moment the AUDJPY has had the highest volatility with a near 1.768% movement from the highs to low. This simply means that if you trade the AUDJPY pair now, there is a strong possibility of you entering an ongoing move.

This is followed by the AUDUSD pair.

Trade setups for the AUDJPY may be found below.

This is a bearish market.

A correction from the daily S2 regions may be expected with good shorting opportunities, taking us to the daily S4.

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